Many of us know that GME , AMC , HYMC , BB , BBBY and others generally trade in a strange near identical parity within a given timeframe.
I was curious as I've recently done some research into Rackspace Technology 's ( NASDAQ:RXT ) current market situation and market history - in particular a common thread that many mysteriously struggling and now defunct...
There are many reasons why the upcoming earnings would be a beat, and why Rackspace is due for a rally - if you are interested just ask :)
The upside is 33% according to top performing analyst consensus.
www.tipranks.com
The Ichimoku Cloud has turned green so this should provide good support below. Even though there are many that are skeptical about Rackspace and with their recent news, I do believe these guys understand the cloud hosting space the best, having been in it one of the longest.
Price action-wise, I believe more or less it will stay around current levels until...
